Listed by Altus Commercial Real Estate
$1,075,543
922 S Park
Details
APN 0709-262-1718-8
Property Type Industrial
Sub Type Warehouse
Square Footage 4,850
Units 8
Cap Rate 7.00%
NOI $454,821
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 07/31/2029
Rent Bumps Yes
Lease Options 2- (1) year options
Year Built 1948
Year Renovated 2018, 2024, 2025
Acreage 999.000
Zoning TSS
Investment Type Net Lease
Ground Lease No
Sale Condition For sale by owner
Park Street - Office/Warehouse Building
Marketing description
Free standing building NNN leased to NASDAQ listed DocGo Inc., DBA Ryan Brothers Ambulance, through 7/31/29 with 2 (1) year options and 3.5% annual increases. The building was built in 2015 and is used by Ryan Brothers as a training facility and admin offices for the ambulance business. This downtown Madison ~3,269sf office building has lots of windows, central AC, 10 parking spaces, and a nice grass area for gatherings/parties making this a prime office location. The buildout is mainly open office space with a few private offices and 2 bathrooms. This building must be sold with 915 Haywood Dr. MLS# . There are 8 of these buildings in 3 counties for sale.
Listing Contacts
Listed by Altus Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$454,821.00
$37,901.75/mo
Valuation Metrics
0
DSCR
42.29%
Cap Rate
42.29%
ROI
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